Two Americans win the Nobel Prize in Economics for their groundbreaking work on how to stabilize economic fluctuations
World2 sources2 countries🔦 Under-reported30m ago
On Monday, October 12, American economists Robert E. Hall and Michael Woodford were awarded the Nobel Prize in Economics for their innovative work on macroeconomic stabilization and economic fluctuations. The prize was granted in memory of Alfred Nobel.
The committee recognized the two professors for developing new macroeconomic models with microeconomic foundations. According to the committee, this research has significantly improved the implementation of efficient stabilization policies and provided policymakers with better tools to handle economic shocks.
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Prensa Libre (Guatemala City, Guatemala) (GT)Highlights the specific year of the award and the innovative nature of the work.
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